Japanese Yen exchange rate today March 27: JPY depreciates

On the morning of March 27, the Japanese Yen exchange rate at domestic banks recorded mixed movements. Some banks increased their buying prices, while others slightly decreased them. In the free market, the Japanese Yen exchange rate also fluctuated around 170 VND.

In the international market, the USD/JPY exchange rate is heavily dependent on economic indicators from Japan and the US. In the trading session on March 26, the market focused on Japan's Leading Economic Index (LEI). This index reached 108.0 points in January. If the data is adjusted downward along with the weakening of the manufacturing and service PMI, the Yen may depreciate, pushing the USD/JPY exchange rate to the 150.942 area. Conversely, if the data is more positive, the exchange rate may retreat to the 148.169 area.

Core inflation in Japan is still above 3%, above the Bank of Japan’s (BoJ) target of 2%. However, wage negotiations are not enough to push the BoJ to tighten monetary policy quickly. Meanwhile, in the US, if durable goods orders data declines more than the forecast 1%, the USD could weaken, supporting the JPY.

Although the Yen is under pressure, expectations that the BoJ will continue to raise interest rates in July are still a supportive factor. However, the decline in manufacturing PMI for many consecutive months has made the market worried that the Japanese economy has not really recovered.

US trade policy also has a significant impact. If President Donald Trump imposes lighter-than-expected reciprocal tariffs, global concerns could ease, leading to weaker demand for the safe-haven yen.

In the domestic market, the Japanese Yen exchange rate at banks fluctuated slightly. Vietcombank bought at 164.40 VND/JPY and sold at 174.85 VND/JPY.

At Vietinbank, the buying and selling rates are 166.05 - 175.75 VND/JPY. BIDV listed the price at 167.03 - 174.79 VND/JPY. Agribank maintained the rate at 166.01 - 173.80 VND/JPY.

Eximbank has the highest buying rate of 167.55 VND/JPY and the lowest selling rate of 173.40 VND/JPY among the surveyed banks.

At Sacombank, the exchange rate is 167.33 - 174.34 VND/JPY. Techcombank listed it at 163.7 - 176.19 VND/JPY. HSBC traded at 166.30 - 173.63 VND/JPY.

On the black market, the Japanese Yen is bought at 170.12 VND/JPY and sold at 171.64 VND/JPY. This price is close to the exchange rate at banks, reflecting temporary stability in the context of many volatile macroeconomic factors.

Source: https://baoquangnam.vn/ty-gia-yen-nhat-hom-nay-27-3-dong-jpy-mat-gia-3151519.html